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Cubical Financial Services Ltd. — Share Issue/Capital Change 2026
May 15, 2026
63880_rns_2026-05-15_e19c7ef1-7cf5-4b54-b3f6-72c05568d95a.pdf
Share Issue/Capital Change
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CUBICAL FINANCIAL SERVICES LIMITED
Regd. Office : 456, Aggarwal Metro Heights, Netaji Subhash Place, Pitampura, Delhi-110034
Telefax : 011-47057757 | E-mail : [email protected]
Website : cubical90.com
CIN No. : L65993DL1990PLC040101
Date: 15th May, 2026
To,
The General Manager,
Corporate Relationship Department,
BSE Limited,
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai – 400001
BSE Crip code-511710
Subject: Outcome of Board Meeting held on 15th May, 2026 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘SEBI Listing Regulations’)
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’) and further to our intimation letter dated 12th May, 2026, we wish to inform you that the Board of Directors of the Company at their Meeting held today i.e., on 15th May, 2026 at its Registered Office, inter-alia, approved the following:
- Increase in the Authorized Share Capital of the Company from existing Rs. 13,51,00,000 (Rupees Thirteen Crore Fifty-One Lakh only) divided into 6,75,50,000 (Six Crore Seventy Five Lakh Fifty Thousand) Equity Shares of Face Value of Rs. 2/- each to Rs. 29,51,00,000/- (Rupees Twenty Nine Crore Fifty One Lakhs Only) divided into 14,75,50,000 (Fourteen Crore Seventy Five Lakhs Fifty Thousands) Equity Shares of Face Value of Rs. 2/- each and consequent alteration of Capital Clause V of Memorandum of Association of the Company.
Details required under regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P /CIR/2023/123 dated July 13, 2023 is enclosed herewith as ‘Annexure – I’
- Subject to the shareholder’s approval by way of passing of the Special Resolution in the General Meeting and other necessary approvals (including Reserve Bank of India and other applicable statutory and regulatory approvals) and in compliance with applicable laws and regulations, issue and allot from time to time, in one or more tranches, to the Proposed Allottees as mentioned in Annexure - II (‘Proposed Allottees’), upto 8,00,00,000 (Eight Crore) equity shares of face value of Rs. 2/- (Rupees Two Only) each of the Company, on a Preferential Basis (‘Preferential Issue’), at an Issue price of Rs. 2.50/- (Rupees Two and Fifty Paisa only) or such higher price as may be arrived in accordance with the applicable provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018 ('SEBI ICDR Regulations') aggregating to Rs. 20,00,00,000/- (Rupees Twenty Crore Only) on a preferential allotment basis ('Preferential Offer') to the proposed allottees and such issuance will be in accordance with the provisions of Section 23, 42 and 62(1) of the Companies Act 2013, as amended, read with Companies (Prospectus and Allotment of Securities) Rules 2014, and Companies (Share Capital and Debentures) Rules 2014, as amended, ICDR Regulations,
Details relating to the issue of Equity Shares as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 on disclosure of material events/ information by listed entities, dated November 11, 2024, are provided in 'Annexure II'.
- The Board has also approved Convening of an Extra Ordinary General Meeting on 15th June, 2026 of the Members of the Company along with draft notice convening the meeting to be dispatched to the shareholders for seeking their approval inter alia for the following:
a. Increase in Authorized share Capital
b. Issuance of Equity Shares by Way of Preferential Issue to the persons belonging to the Promoter or Non-promoter category.
- The Board has appointed CS Sumit Bajaj, Practicing Company Secretary (Membership No: A45042), Proprietor of M/s. Sumit Bajaj & Associates, Company Secretaries as Scrutinizer to conduct the E-Voting / voting process in a fair and transparent manner.
The meeting commenced at 3:00 P.M. and concluded at 4:30 P.M.
Please take the above information on record and arrange for dissemination.
Thanking You.
For Cubical Financial Services Limited
Ruchi Singh
Company Secretary
M. No. A58370
Digitally signed by RUCHI
Date: 2026.05.15 16:41:06 +05'30'
Details required under regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:
Annexure -1
1) Amendment to Memorandum of Association pertaining to increase in Authorised Share Capital:
Summary of amendments in MOA of the Company:
| Clause No. | Existing Clause | Proposed Clause |
|---|---|---|
| V | The Authorized Share Capital of the Company is 13,51,00,000 (Rupees Thirteen Crore Fifty-One Lakh only) divided into 6,75,50,000 (Six Crore Seventy Five Lakh Fifty Thousand Only) Equity Shares of Rs. 2/- each | The Authorized Share Capital of the Company is Rs. 29,51,00,000/- (Rupees Twenty Nine Crore Fifty One Lakhs Only) divided into 14,75,50,000 (Fourteen Crore Seventy Five Lakhs Fifty Thousands) Equity Shares of Rs. 2/- each. |
Annexure-II
Disclosures a required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
| Sr. No. | Particulars | Details |
|---|---|---|
| i. | Type of Securities proposed to be issued | Equity Shares |
| ii. | Type of issuance | Preferential Issue of equity shares in accordance with Chapter V of the SEBI (ICDR) Regulations 2018 read with the Companies Act, 2013 and rules made thereunder. |
| iii. | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) | Issuance of upto 8,00,00,000 Equity Shares at a price of Rs. 2.50/- (Rupees Two and Fifty Paisa only) per Equity Share including premium of Rs. 0.50/- per Equity Share for an aggregate amount of up to Rs. 20,00,00,000/- (Rupees Twenty Crore Only) |
| In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s): | ||
| i. | Name of the Investors | i. Manoj Agrawal |
| ii. Amit Kumar Saraogi | ||
| iii. Shikha Agrawal | ||
| iv. Manoj Agrawal HUF | ||
| v. Kanchan Saraogi | ||
| ii. | Post-Allotment of Securities: Outcome of Subscription, issue price / allotted price (in case of convertibles), number of investors; | Name of the investors |
| No. of Equity Shares | % | No. of Equity Shares |
| Manoj Agrawal | - | - |
| Amit Kumar Saraogi | - | - |
| Shikha Agrawal | - | - |
| Manoj Agrawal HUF | - | - |
| Kanchan Saraogi | - | - |
| Total | - | - |
| iii. | Issue Price | Rs. 2.50/- (a price not being lower than the price determined in accordance with the Chapter V of SEBI ICDR Regulations, 2018 and other applicable regulations, if any) |
| iv. | Number of Investors/ Allottees | 5 (five) |
| v. | In case of convertibles: intimation of conversion of securities or on lapse of the tenure of the instrument | Not Applicable |
| Sr. No. | Name of the Proposed Allottees | Pre-issue share holding | Pre-issue Share holding (%) | No. of Shares to be allotted | Post issue Share holding (Including proposed allotment + pre share holding) | Post issue Share holding (%) |
|---|---|---|---|---|---|---|
| 1. | Manoj Agrawal | - | - | 3,11,00,000 | 3,11,00,000 | 21.42 |
| 2. | Amit Kumar Saraogi | - | - | 3,11,00,000 | 3,11,00,000 | 21.42 |
| 3. | Shikha Agrawal | - | - | 44,50,000 | 44,50,000 | 3.07 |
| 4. | Manoj Agrawal HUF | - | - | 44,50,000 | 44,50,000 | 3.07 |
| 5. | Kanchan Saraogi | - | - | 89,00,000 | 89,00,000 | 6.13 |
| Total | - | - | 8,00,00,000 | 8,00,00,000 | 55.11 |